Boeing to pay $200 million to settle SEC probe over 737 Max jetliner

The settlement, announced by the SEC on Thursday, concludes a probe into whether Boeing withheld key information from shareholders about a flawed software system linked to the 2018 and 2019 crashes

A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain (Photo: Reuters)
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A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain (Photo: Reuters)

Julie Johnsson and Tom Schoenberg | Bloomberg
Boeing Co. agreed to pay $200 million to settle Securities and Exchange Commission allegations that the company and its former Chief Executive Officer Dennis Muilenburg failed to disclose safety issues with its 737 Max jetliner, resolving one of the final US investigations related to two crashes that killed 346 people.
The settlement, announced by the SEC on Thursday, concludes a probe into whether Boeing withheld key information from shareholders about a flawed software system linked to the 2018 and 2019 crashes. The SEC said the company and its former CEO violated securities laws by making “materially misleading” public statements.

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First Published: Sep 23 2022 | 8:43 AM IST

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